Question
90.Concord Corporation made a $25700 sale on account with the following terms: 2/10, n/30. If the company uses the gross method to record sales made
90.Concord Corporation made a $25700 sale on account with the following terms: 2/10, n/30. If the company uses the gross method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale?
91.Bonita Industries made a $24500 sale on account with the following terms: 2/10, n/30. If the company uses the net method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale?
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster, Frank Wood
13th Edition
1292084669, 9781292084664
